$BTC LTF Update I
Locally, PA remains weak.
We’ve broken below the 4H channel that was holding sin
$BTC LTF Update Locally, PA remains weak. We’ve broken below the 4H channel that was holding since the $60k lows and flipped it — confirming a shift into a local downtrend. From here, minimum expectation is a move towards ~$63.2k before any meaningful bounce (if not straight into new lows). There is no bullish case on the LTF right now. Only way that changes is if we: • Break the local downtrend • Reclaim the channel • Get back above the red box Until then, it’s weakness. Not forcing longs in a downtrend.